Planned Giving

Through planned giving opportunities, a donor can create a legacy at Presbyterian Manors of Mid-America (PMMA). These gifts may be unrestricted in nature, or directed to a specific program or purpose in the name for one of the senior living communities of PMMA.

Which gift is right for you?

There are a number of ways to amplify your impact at PMMA. To find the gift vehicle that is right for you, rank these benefits in order of importance to you:

Benefit Considerations

To retain flexibility, consider a gift to PMMA in your will or trust. Since this gift will not become effect until after your lifetime, you are free to change your mind at any time to adapt to unforeseen circumstances.

To receive an income tax deduction and eliminate capital gains tax, make a gift of appreciated assets that you have owned for more than one year. Your tax deduction will be for the full fair market value of the donated property up to 30 percent of your adjusted gross income and you will be exempt from paying capital gains taxes on any increase in value. We will sell the assets and use the proceeds to support PMMA.

To ensure the future of Presbyterian Manors of Mid-America, make a gift of $100,000 or more to create a named endowment. PMMA will carefully invest the money and then a portion of the earnings is released each year to continue the mission. The rest of the endowment remains invested to create a lasting legacy.

To provide for your heirs, make sure their inheritances don’t carry an unnecessary tax burden. Distributions from qualified pensions and retirement plans, for example, are subject to income taxes at the beneficiary’s ordinary income tax rate. Instead, consider leaving less tax-burdened assets, such as real estate and life insurance, to your loved ones and naming Presbyterian Manors of Mid-America as the beneficiary of pensions and retirement plans. PMMA is eligible to receive the full amount of these assets and bypass any federal taxes.

To supplement your retirement income, arrange a charitable gift annuity with Presbyterian Manors of Mid-America. In addition to supporting PMMA with your gift, you will receive fixed payments for life and a partial income tax deduction in the year your gift is made.

The following table further outlines just a few of the options available and the benefits they can have for you.

Gift Type

How it Works

Benefits to You

Bequest

Name Presbyterian Manors of Mid-America in your will or revocable living trust.

• Gift is exempt from federal estate tax

• You control your assets during your lifetime

Outright gift of cash

Simply write a check or transfer funds.

• Gift is immediately tax deductible

• You get to witness the benefits of your generosity

Outright gift of securities

Contribute long-term appreciated stock or other securities.

• Gift is immediately deductible based on full market value

• Eliminates capital gains tax

Outright gift of personal property

Donate tangible property for our tax-exempt use.

• Gift is immediately deductible based on full market value

Gift of life insurance

Contribute a life insurance policy you no longer need.

• Gift is immediately tax deductible

• Gift may provide future deductions through contributions used to pay policy premiums

Gift of retirement assets

Name PMMA as the beneficiary of the balance that remains after your lifetime.

• Gift can be made from your most highly taxed assets, leaving more for your family

• Eliminates income and estate taxes

Gift of real estate

Donate property to PMMA or sell at a reduced cost.

• Gift is immediately tax deductible

• Reduces, or eliminates, capital gains tax

Charitable remainder trust

Create a charitable trust that pays you a set annual income (annuity trust) or a variable amount based on a fixed percentage of the trust’s assets as revalued annually (unitrust).

• Gift is immediately tax deductible

• Provides income for life, often at a higher rate of return

Charitable gift annuity

Enter a charitable gift annuity contract with PMMA that pays a set amount for one or two lives.

• Immediate savings on income taxes

• Tax-favored fixed payments for estimated life expectancy of income beneficiary(ies)

Charitable lead trust

Create a charitable trust that pays fixed or variable income to PMMA for a specific amount of years and thereafter the balance is given to loved ones.

• Reduces your taxable estate

• Property is ultimately given back to your family often with reduced gift taxes.

For a printer friendly version of the chart above, or for more questions about charitable IRAs, click on the links below.